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From 2017 to 2022, the average value per acre of all American farmland grew from $4,368 to $5,354, an increase of nearly 23%.
Babcock; Babylon; Bader; Baileyville; Baker; Bakerville, Jefferson County; Bakerville, Logan County; Balcom; Bald Mound; Ballou; Barclay; Bargerville; Barnes; Barnhill
The western section (west of the Illinois River) was originally part of the Military Tract of 1812 and forms the distinctive western bulge of the state. Central Illinois is characterized by small towns and mid-sized cities. Agriculture, particularly corn and soybeans, figures prominently. Major cities include Peoria, and Springfield (the state ...
Inflated prices for land are stopping the government from hitting its targets in building new social housing, according to a study. Since the 1960s, local authorities buying up land under ...
After 1860 the township filled up rapidly and little unoccupied land was to be found anywhere in its boundaries. The Will County Plat Atlas, 1862 shows some of the land in Will Township was still owned by the Illinois Central Railroad. It has been reported that the railroad sold land east of Peotone, to early settlers, for $2.50 to $5.00 per acre.
Prices and rents for agricultural land depend on supply and demand. Prices/rents rise when the supply of farmland on the market reduces. Landholders then put more land on the market – causing prices to fall. Conversely, land prices/rents fall when the demand for agricultural land declines because of falls in the returns from holding and using it.
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